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The importance of Having a Plan When Including Family in Business

In this article Jolene Brown, a family business consultant points to four major mistakes when breaking down a family business. She firstly points out that assuming all genetic relationships equal good working relationships is wrong. Brown says “acceptance in a family should be unconditional, but acceptance into a business should be conditional and is …

Project Management Practices in Hybrid R&D Teams

This article explains how research and development teams sometimes find difficulties when working together. Some difficulties may include using various work styles, different time zones, and different experience levels. Hybrid manufacturing teams need to move fast now more than ever, so delays in communication through “phone tag, unread emails or missed messages significantly halt …

Changes Coming to the R&D Tax Credit Next Year

This article discusses a potential change that could be occurring for taxpayers that receive the research and development tax credits. Currently, immediate expensing is allowed for taxpayers who are granted R&D credits. However, the Tax Cuts and Jobs Act is set to eliminate immediate expensing starting in 2022. This Act operates under an amortization …

What the End-of-Work Landscape Looks Like Now

This article discusses how the coronavirus pandemic forced many employees to look towards their 401(k) plan in order to borrow cash for personal financial burdens. However. “About 47% of employees who took a retirement loan say they ended up taking more than they needed,” according to research from Voya Financial. Through the years, more …

Agriculture Trends to Watch in 2022

This article discusses how farmers are looking at 2022 as a recovery year and are expecting new technology and taking advantage of climate conditions to be a vital piece in that process. For example, increased use in aerial imaging, efficient water management, indoor vertical farming, and data integration are all trends to be educated …